1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Hoochie [10]
3 years ago
7

Price elasticity of demand refers to the ratio of the:

Business
1 answer:
Rudiy273 years ago
8 0

 

The ratio of the percentage change in the quantity demanded of a good to a percentage change in its price refers to the price elasticity of demand.

 

<span>To add, price elasticity of demand (PED or Ed) is a measure used in economics to show the responsiveness, or elasticity, of the quantity demanded of a good or service to a change in its price, ceteris paribus.</span>

You might be interested in
Legal Services pays half of the price for a shipment of computers that remain with the seller, Digital Computers, Inc. Within te
umka2103 [35]

Answer:

A. the computers are identified to the contract.

Explanation:

The buyer has the  right to recover all the goods when the seller suddenly becomes insolvent. Also where the buyer wishes to receive all the goods and also a substantial prepayment is already made and then the buyer finds out the  seller has become insolvent.

Under the UCC Section 2-502, it allows the buyer to recover all the goods if the below  conditions are met:

  • the goods or the items must be identified to the contract
  • if the buyer had paid a part of the purchase price or have made full payment
  • if the buyer is willing to pay if any balance due
  • after the first installment, the seller must become insolvent.

Therefore, in the context, Legal Services can recover all the computers if the computers are identified to the contract.

5 0
2 years ago
The ABC Co. is considering a new consumer product. They believe that the XYZ Co. may come out with a competing product. If ABC a
andrey2020 [161]

Answer:

Let X be probability XYZ offers a competing product

EMV (assembly line) = $10,000∗X+$40,000∗(1-X)

EMV (addition) = -$100,000∗X+$600,000∗(1-X)

$10,000∗X+$40,000∗(1-X) = -$100,000*X+$600,000∗(1-X)

$10,000∗X-$40,000∗X+$40,000 = -$100,000∗X-$600,000∗X$600,000

-$30,000∗X+$700,000∗X = $600,000-$40,000

$670,000∗X = $560,000

X = $560,000/$670,000

X = 0.836

ABC will be indifferent between the two alternatives if the probability that XYZ will offer a competing product is estimated to be 0.836.

ABC should invest in the addition if the probability that XYZ will offer a competing product is estimated to be less than 0.836.

7 0
3 years ago
Nidal Company reported inventory in the 2020 year-end balance sheet, using the FIFO method, as $185,000. In 2021, the company de
Ksenya-84 [330]

Answer:

Dr Retained earnings $14,000

Cr Inventory $14,000

Explanation:

There is a need to make adjustment to the inventory . Therefore,

Adjusted inventory

= New method of $171,000 - Old method of $185,000

= $14,000 decrease

It is to be noted that a lower inventory will have high costs associated with goods sold hence reduces profit/net income for the previous year by $14,000.

Also, the net income reports to retained earnings account hence decreases retained earnings.

Having made the above adjustment, we can assume that the average cost method was used for 2020 books.

3 0
3 years ago
Read 2 more answers
It is not possible to create a per unit MCS if you are given total revenue and selling price. True False
tekilochka [14]

Answer:

True

Explanation:

A per unit MCS cannot  be created if you are given total revenue and selling price because per unit MCS is created by dividing  the given total revenue  by the total units of products ( for revenue per unit of product )

And also dividing the total cost by the total units of products ( for cost per unit of product ) hence the absence of the number of products will make it impossible to create a per unit MCS.

4 0
3 years ago
Universal Sports Supply began the year with an accounts receivable balance of $200,000 and a year-end balance of $220,000. Credi
Dovator [93]

Answer:

3.6

Explanation:

The receivables turnover for the year is calculated as;

= Net sales(credit sales) ÷ Average accounts receivables

Average account receivables

= ($200,000 + $220,000) ÷ 2

= $210,000

Therefore, Receivables turnover

= $750,000 ÷ $210,000

= 3.6

6 0
3 years ago
Other questions:
  • Carol’s Clothiers, LLP, sells women’s business clothing designed by the world’s top designers. The company also sells clothing f
    9·1 answer
  • Consumer reports found 68 percent of start-up financing for entrepreneurs comes from:
    14·1 answer
  • How is going public a way to secure capital without going into debt? Name a company that has held an IPO.
    7·1 answer
  • Telemarketers receive $15 commission on all new customers they sign up for cell phone service through Movill Networks. Each tele
    7·1 answer
  • Which of the following would be considered a savings alternative?
    14·1 answer
  • XYZ Manufacturing reported the following:
    13·1 answer
  • Enter text- Apply A text Effect
    12·1 answer
  • Byron Corp is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annua
    14·1 answer
  • Daisy's Creamery Inc. is considering one of two investment options. Option 1 is a $75,000 investment in new blending equipment t
    9·1 answer
  • When a taxpayer rents a residence for part of the year, the residence is not eligible as a qualified residence for the home mort
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!